Occidental Petroleum (OXY) Issues Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Marco Green
May 10, 2018

Investors sentiment increased to 0.93 in 2017 Q4. It has change of 0.04, from 2017Q3's 0.89. It increased, as 51 investors sold Occidental Petroleum Corporation shares while 352 reduced holdings. 113 funds amassed stakes and 262 increased stakes. 613.25 million shares or 1.87% more from 602.00 million shares in 2017Q3 were reported.

South State Corp holds 0.08% of its capital in Occidental Petroleum Corporation (NYSE:OXY) for 10,014 shs. (NYSE:NLY), at its latest closing price of $10.17, it has a price-to-book ratio of 0.97, compared to an industry average at 4.24. Capital Invest Ltd Limited Liability Company reported 18,368 shs. Ifc Hldgs Fl accumulated 0.03% or 5,544 shs. Fiduciary invested in 27,828 shs. According to these analysts, the Low Revenue Estimate for Occidental Petroleum Corporation is 3.3 Billion and the High Revenue Estimate is 4 Billion. Tci Wealth Advsr holds 15,459 shs.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, May 8th. Umb Retail Bank N A Mo holds 158,332 shs or 0.38% of its capital. Ww Asset Inc invested in 0.17% or 67,346 shs. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 0.95. Rmb Mgmt Lc reported 30,013 shs. 122 were accumulated by Vigilant Management Llc. The firm's revenue for the quarter was up 28.4% compared to the same quarter last year. equities analysts expect that Occidental Petroleum will post 3.1 earnings per share for the current fiscal year. FINRA announced short interest of OXY's total 9.91 million shares. Previously was reported down change of 3.64% from 10.28M shares. (NYSE:NLY) ended its day at 10.17 with the rising stream of -0.29% and its total traded volume was 11.02 million shares more than the average volume.

Occidental Petroleum stock opened at $82.40 on Tuesday.

Ticker's shares touched $82.4 during the last trading session after 5.37% change.Occidental Petroleum Corporation is uptrending after having risen 4.69% since May 10, 2017. OXY has 11.03M volume or 94.07% up from normal. The stock underperformed the S&P 500 by 6.86%. The stock has a market cap of $59.83 billion, a price-to-earnings ratio of 92.58, a P/E/G ratio of 3.89 and a beta of 0.60. The firm operates in three divisions: Oil and Gas, Chemical, and Midstream and Marketing.The P/E ratio is 48.47. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Cowen set a $85.00 target price on shares of Occidental Petroleum and gave the stock a buy rating in a research note on Thursday, January 18th.

On 5/11/2017 Stephen I Chazen, Director, sold 4,000 with an average share price of $60.53 per share and the total transaction amounting to $242,120.00. Sit Investment Associates invested 0.74% in Occidental Petroleum Corporation (NYSE:OXY). Bank of America downgraded the stock to "Neutral" rating in Thursday, January 4 report. TheStreet raised shares of Occidental Petroleum from a "c+" rating to a "b" rating in a research report on Tuesday. Jefferies maintained the shares of OXY in report on Friday, January 19 with "Hold" rating. The company rating was upgraded by Deutsche Bank on Friday, March 23. The rating was maintained by BMO Capital Markets with "Hold" on Thursday, January 11. ValuEngine raised shares of Occidental Petroleum from a hold rating to a buy rating in a research note on Wednesday, May 2nd. On Wednesday, May 9 the firm earned "Neutral" rating by Credit Suisse. The stock has "Overweight" rating by PiperJaffray on Monday, April 16. In Thursday, February 15 report JP Morgan maintained it with "Neutral" rating and $75 target.

A number of research firms have recently commented on OXY. Globenewswire.com's article titled: "New Research: Key Drivers of Growth for Iron Mountain, KLA-Tencor, New Residential Investment, Nucor, Omnicom ..." and published on May 08, 2018 is yet another important article. And last was announced on May 03, 2018, called "Occidental Petroleum Announces Dividend".

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